NOT LISTED FOR SALE

1127 Flagship Dr Summerland Key, FL 33042

Estimated Value: $1,829,000 - $2,219,000

3 Beds
3 Baths
2,156 Sq Ft
$920/Sq Ft Est. Value

Sale Details

Date Sold: July 10, 2020

Last sale price $1,130,000 $524 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $11,564 / mo

5 Days on Market

Highlights

  • Airstrip
  • Dock made with concrete
  • RV or Boat Parking
  • Ocean View
  • Boat Lift
  • RV Parking in Community

About This Home

As of July 2020

Excellent boating access from this solid concrete 2 BR 3 BA plus Bonus Room home w/full 2-Car Garage designed & built by current owner. Boasting over 2,000 sq. ft. the open floor plan features soaring wood ceilings, spacious Kitchen w/center cooking island, modern white cabinets & lots of counter space. The 2nd-story Master Suite looks out to the ocean & offers porcelain plank flooring & large Bath appointed with spa-style tub. Plenty of outdoor entertaining from your full length porch overlooking the water or under the large waterfront Tiki. Dock your Boat on your full length 80' Concrete Dock and clean the days catch at your fish cleaning station with built in sink. Just minutes to world-class fishing and diving and to the magic of Key West. Seller is a licensed Real Estate Agent

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Real Estate Co License #605677 Listed on: 06/10/2020

Coldwell Banker Schmitt Real Estate Co

Last Buyer's Agent

Joe Bracciale

Select Properties of NWFL License #3233298

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,482

Year Built

  • Built in 1993

Lot Details

  • 10,080 Sq Ft Lot
  • Home fronts a canal
  • Privacy Fence
  • Property is zoned IS - Improved Subivision District

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof

Interior Spaces

  • 2,156 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass

Parking

  • 2 Car Garage
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Outdoor Shower
  • Airstrip
  • Boat Lift
  • Dock made with concrete
  • Screened Balcony
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00198931-002400

Community Details

Overview

  • No Home Owners Association
  • Summerland Cove Isle Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,482

Year Built

Built in 1993

Lot Details

10,080 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features, Bike Paths, Airstrip
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 8481.67
  • Title: Negotiable
  • Vehicle Storage: Garage, Trailer Storage, RV Parking Open, Off Street Parking, Guest Parking, Open Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1993
  • Alternate Key Number: 1260762
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 10080.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2156.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Other, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Granite Counter Top, Built-in Cabinets, Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Other
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Other Windows/Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Storage, Privacy Wall/Fence, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View, Canal View

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00198931-002400
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.23

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2007
Sold by
Scherler Ernest A
Bought by
Scherler Ernest A and Scherler Susan
Current Estimated Value
$1,983,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1981
Bought by
Scherler Ernest A and Scherler Susan
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Scherler Ernest A -- Azure Title Services
Scherler Ernest A $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Scherler Ernest A $410,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $1,130,000 -5.0% $524 / Sq Ft
06/10/2020 06/10/20 For Sale $1,190,000 -- $552 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,589 $1,502,056 $848,837 $653,219
2024 $12,589 $1,785,879 $1,185,408 $600,471
2023 $10,900 $1,438,997 $855,187 $583,810
2022 $9,548 $1,161,038 $577,886 $583,152
2021 $8,765 $915,696 $397,958 $517,738
2020 $8,505 $878,429 $381,024 $497,405
2019 $8,482 $872,394 $351,389 $521,005
2018 $8,520 $851,833 $334,454 $517,379
2017 $8,377 $872,691 $0 $0
2016 $7,735 $753,515 $0 $0
2015 $7,828 $783,295 $0 $0
2014 $7,208 $643,909 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 591193

APN: 00198931-002400

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